‘Other dwellings’ led Perth’s sale price growth in the March 2025 quarter, according to the latest Real Estate Institute of Australia (REIA) Real Estate Market Facts.
The median sale price for other dwellings, which includes home units, townhouses, flats/apartments and terrace homes, increased 2.8 per cent over the quarter and 19.4 per cent over the year to $555,000.
REIWA President Suzanne Brown said the strong growth wasn’t surprising.
“Significant growth in house prices over the past couple of years has seen people seek more affordable alternatives when looking to buy a home,” she said.
“Other dwellings are generally more affordable than houses, especially in areas close to the CBD and key lifestyle attractions, and demand for these types of homes has increased, putting strong upward pressure on prices.
“However, despite the increase over the past year, Perth remains one of the most affordable capital cities for other dwellings, with only Darwin recording a lower median sale price.”
The median house sale price declined 1.0 per cent over the March quarter to $790,000. This was 14.5 per cent higher than the same time last year.
